15 Nov 2016
Life Sciences Report
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Riding the Economic and Demographic Wave in Asia
In Late 2014, Odgers Berndtson published a paper called “Are Multi- National Companies Taking the Most Intelligent Approach in Asia?” in which 63 APAC leaders of MNCs reflected on the issues, unique to APAC, that affected their companies’ performance. They were from global companies spanning multiple sectors. Two years on, we have asked the same questions to 22 APAC leaders of global Life Sciences companies, including Pharma, Medtech and Consumer Healthcare.
A lot has changed. The themes that emerged in 2014 – Communication, Talent, Competition, Strategy and Corruption – still resonate as you would expect, but there has been an interesting change in focus and attitude.
The front of mind themes from the 22 interviews over recent months can be summarised into the following five broad themes, which were identified as key to successfully riding Asia’s economic and demographic wave. They are all interlinked:
- Speed of Change
- Execution, Productivity and Innovation
- Local Competition
- Talent and Leadership